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Stock impact report

S&P Global Mobility: April auto sales to sustain spring volume push [Yahoo! Finance]

S&P Global Inc. (SPGI) 
Last s&p global inc. earnings: 4/28 07:10 am Check Earnings Report
US:NYSE Investor Relations: stocktwits.com/symbol/s
Company Research Source: Yahoo! Finance
SOUTHFIELD, Mich. April 29, 2024 /PRNewswire/ -- S&P Global Mobility projects new light vehicle sales volume in April 2024 to reach 1.34 million units. While this unadjusted volume total would be a drop from both the month prior (down 7%) and year-ago (down 2%) levels, two fewer selling days than March 2024 and one less than April 2023 more than account for any potential declines. This volume would translate to an estimated sales pace of 16.0 million units (seasonally adjusted annual rate: SAAR), just the third time in the past twenty-four months the metric has reached this level. "With an auto sales environment currently defined by the mixed signals of advancing inventory and incentives, together with affordability concerns from high interest rates and still high vehicle prices, the anticipated April result reflects that consumers are still in the market for a new vehicle," said Chris Hopson , principal analyst at S&P Global Mobility. Retail advertised inventory continues its st Show less Read more
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